Petroleo Brasileiro's Gas-Pipeline Unit Draws $8.6 Billion Offer -- Update

Fecha : 05/04/2019 @ 17:15
Fuente : Noticias Dow Jones
Emisora : Engie (ENGI)
Cotización : 12.955  0.145 (1.13%) @ 10:40
Engie Cotización de acciones Gráfica

Petroleo Brasileiro's Gas-Pipeline Unit Draws $8.6 Billion Offer -- Update

Engie (EU:ENGI)
Gráfica de Acción Histórica

3 Meses : De Mar 2019 a Jun 2019

Haga Click aquí para más Gráficas Engie.

(Adds details and Petrobras extends deadline for potential buyers of Liquigas Distribuidora SA)

 

By Maria Armental

 

Brazilian oil company Petroleo Brasileiro SA said French utility company Engie SA and Canadian pension giant Caisse de depot et placement du Quebec presented the best offer for a 90% stake in gas-pipeline unit Transportadora Associada de Gas SA.

The roughly $8.6 billion offer, subject to approval by Petrobras governance and competitive defense bodies, includes the payment by the buyer of $800 million in debt with Brazilian state lender BNDES on the closing date, according to Petrobras.

State-owned Petrobras launched TAG's auction in 2017, attracting interest from Blackstone Group LP, EIG Global Energy Partners and Macquarie Group Ltd., all working with large institutional investors. (www.wsj.com/articles/competition-heats-up-for-brazilian-pipeline-business-1520445600)

Petrobras said it would continue to use TAG's natural-gas transportation services through several long-term contracts with the unit.

Separately, Petrobras said Friday it would adjust the eligibility requirements and extend the deadline for potential buyers to express interest in its liquified petroleum gas subsidiary Liquigas Distribuidora SA.

It didn't offer further details in a securities filing.

Petrobras, which was the main focus of the country's massive Operation Car Wash corruption investigation, has been trying to strengthen its balance sheet, paying down debt that topped $100 billion and selling a series of assets that it deems not central to its business.

Roberto Casatello Branco, who took over as Petrobras's new chief executive in January, has pledged to continue to streamline the company's balance sheet and focus on boosting production from the country's rich, deep-water oil deposits known as the pre-salt. (https://www.wsj.com/articles/petrobrass-new-ceo-promises-to-continue-asset-sales-cutting-debt-and-reducing-costs-11546545777)

 

-- Luis Garcia and Jeffrey T. Lewis contributed to this article.

 

Write to Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

April 05, 2019 18:00 ET (22:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Su Consulta Reciente
BMV
FIBRAPL14
Fibra Prol..
BMV
AMXL
América Mó..
BMV
ME
IPC México
BMV
ALSEA*
Alsea
FX
USDMXN
United Sta..
Las acciones que ha visto aparecerán en este recuadro, lo que le permite volver fácilmente a las cotizaciones que ha consultado previamente
Registrarse ahora para crear su lista personalizada de acciones en streaming.

Cotizaciones PLUS están en tiempo real. Cotizaciones NYSE y AMEX están con retraso de por lo menos 20 minutos.
El resto de las cotizaciones están con retraso de por lo menos 15 minutos al menos que se indique lo contrario.

Al acceder a los servicios disponibles de ADVFN usted acepta quedar sujerto a los Términos y Condiciones

P: V:mx D:20190616 21:17:00